AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 39.550000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 50.840000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 52.050000000 |
| 2nd High | 50.860000000 |
| Next High | 50.840000000 |
| Current Price | 38.260000000 |
| Next Low | 39.550000000 |
| 2nd Low | 38.500000000 |
| 3rd Low | 38.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing